SOURCE: AVEC CORP

AVEC CORP

May 03, 2011 09:19 ET

Qatar Government Officials to Review AVEC "Solar Sun Systems™"

DUBAI, UNITED ARAB EMIRATES--(Marketwire - May 3, 2011) - AVEC Corporation ("AVEC") (PINKSHEETS: AVECD) (FRANKFURT: BAE1) announced today it has accepted an invitation to present its new "Solar Sun Systems™" to Qatar Government Officials on May 21, 2011. Three hundred VIPs are invited to the technical review and integration plan of these breakthrough solar powered lighting systems.
The Qatar Government has committed USD 100 Billion on infrastructure and upgrades in order to accommodate its growing needs. The plan includes a USD25 billion metro and rail network as well as new housing cities, which are mega projects, all of which require new lighting systems.

AVEC "Solar Sun Systems™" are 40 % less expensive in total cost than existing standard electricity powered units and of course need no fuel or maintenance over the same 20 years effective life.

Samuel Higgins AVEC Chairman stated most "Green Energy" projects require government subsidies to be profitable but our unique systems are good for the bottom line from day one and have no Carbon footprint or CO2 released into the air establishing any development project using them as a "Good Green Energy" development.

One example of these projects is Lusail City, a 37 kilometer new City of The Future

http://www.lusail.com/English/Pages/English_Home.aspx

Qatar GDP real growth rate is expected to be 20 % in 2011 according to the IMF (International Monetary Fund). In a new report on the Gulf state, the IMF said Qatar had "weathered the global financial crisis exceptionally well."

The sizeable enhancement of liquefied natural gas (LNG) capacity, large government support to the banking system, and increase in public spending helped sustain high growth rates through the global crisis, the report added.

About AVEC Corporation
AVEC Corporation (AVEC) is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies including internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

Contact Information